We are very careful with money details.
As rental property managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to make sure that every property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
We always try to process and deposit rents on the same day they are received. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement. In January we send to the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Shenandoah County Rental Management Resources
Basics
Basic info about what management services in Shenandoah County.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Shenandoah County fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management in Shenandoah County
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.
In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.
Do you want understand more about the area?
Our Guide to Real Estate is a free tool for everyone who wants to review important real estate information about Shenandoah County and surrounding communities. The Guide to Real Estate has facts regarding what has sold and what is currently listed, and a few surprising facts that you may not know. In addition, our Guide features many of the assets of living in Shenandoah County. Of course, all of this is useful for purchasers and sellers, but rental investors and tenants might also find these resources to be very enlightening.